Carbon emissions trading welcomes the new policy: another milestone in the development of China’s carbon market. In October 2011, local carbon emissions trading market pilots were launched in Beijing, Tianjin, Shanghai, Chongqing, Guangdong, Hubei, Shenzhen and other places.
In December 2017, the construction of a national carbon emission trading market was launched. As of the end of 2023, the national carbon emissions Trading market has included 2,257 power generation companies, with a cumulative transaction volume of approximately 440 million tons.